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HomeNewsbusinessstocks

HDFC Securities cuts target price on these stocks; do you own any?

Broking house HDFC Securities has slashed target price of Deccan Cements, Ahluwalia Contracts, Torrent Power, Eicher Motors and Balkrishna Industries.

Rakesh Patil | February 16, 2023 / 09:12 IST
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The Indian equity benchmarks extended the winning streak to the second day on February 15, supported by gains in auto, realty and information technology names. The 30-pack Sensex was up 242.83 points, or 0.40 percent, at 61,275.09, and the Nifty was up 86 points, or 0.48 percent, at 18,015.80.
The Indian equity benchmarks extended the winning streak for the second day on February 15, supported by gains in auto, realty and information technology counters. The 30-pack gauge settled 242.83 points or 0.40 percent higher at 61,275.09, while the Nifty50 climbed 86 points or 0.48 percent to end at 18,015.80.
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Deccan Cements | Rating: Maintain add | Target Price: Cut to Rs 490
Deccan Cements | Rating: Maintain add | Target Price: Cut to Rs 490
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Likhitha Infrastructure: Likhitha Infrastructure bags order worth Rs 129.6 crore from GAIL. The company has received an order worth Rs 129.63 crore from GAIL (India). The scope of work included pipeline laying and composite works for PART-B (Nagpur Jharsuguda) of MNYJPL project. The contract has to be executed within 14 months from the date of letter of intent.
Ahluwalia Contracts | Rating: Maintain buy | Target Price: Reduced to Rs 568
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Torrent Power | Rating: Maintain add | Target Price: Cut to Rs 545 from Rs 552
Torrent Power | Rating: Maintain add | Target Price: Cut to Rs 545 from Rs 552
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Eicher Motors Market capitalization type: Large-cap Schemes that newly added the stock: 7 Total schemes that currently hold the stock: 31 A sample of schemes that newly added the stock: Tata Large Cap, LIC MF Tax and Kotak Infra & Eco Reform Fund
Eicher Motors | Rating: Reiterates add | Target Price: Cut to Rs 3,351 from Rs 3,859
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Representative image
Balkrishna Industries | Rating: Maintain reduce | Target Price: Cut to Rs 1,936 from Rs 2,048

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